Meeting Details

The 35th Annual General Meeting was held on Tuesday, September 08, 2026 at 01:00 p.m. through Video Conference (VC)/Other Audio Visual Means (OAVM) without physical presence of members. The meeting commenced at 01:02 p.m. and concluded at 01:44 p.m.

Attendance

Directors present at the meeting included:

  • Mr. Saleh N. Mithiborwala, Chairman, Whole-Time Director & Chief Financial Officer
  • Mr. Vali N. Mithiborwala, Whole-Time Director
  • Mr. Tahaa S Mithiborwala, Additional Director
  • Mr. Amitabh Sinha, Executive Director – Technical
  • Mr. Dattaprasad Ugrankar, Independent Director
  • Mr. Nilesh Parikh, Independent Director
  • Mr. Latif Pirani, Independent Director
  • Mrs. Sheetal Nagda, Independent Director

Mr. Saleh N. Mithiborwala was appointed as Chairman of the Meeting.

Voting Procedures

Remote e-voting commenced on Saturday, September 05, 2026 at 09:00 am and concluded on Tuesday, September 07, 2026 at 05:00 pm. Mr. Shiv Hari Jalan, Practicing Company Secretary, was appointed as Scrutinizer for both remote e-voting and e-voting at the AGM. The voting results along with consolidated Scrutinizer's Report were to be announced within 48 hours of conclusion of the meeting and informed to the Stock Exchange, and placed on the company website and NSDL.

Business Transacted

Ordinary Business:

1. Receipt, consideration and adoption of Audited Financial Statements (Standalone & Consolidated) for financial year ended March 31, 2026 together with Reports of Board of Directors and Auditors

2. Declaration of final dividend on Equity Shares for financial year ended March 31, 2026

3. Appointment of Director in place of Mr. Amitabh Sinha (DIN: 10605264) who retires by rotation under Section 152(6) of Companies Act, 2013

Special Business:

4. Ratification of remuneration of Cost Auditor

5. Re-appointment of Mrs. Sheetal Nagda (DIN: 07179841) as Independent Director for a second term of 5 consecutive years

6. Appointment of Mr. Tahaa S Mithiborwala (DIN: 11594638) as Whole-time Director

7. Approval of Remuneration payable to Mr. Tahaa S Mithiborwala, Whole-time Director

8. Appointment of Mr. Saleh N Mithiborwala (DIN: 00171171) as Managing Director who shall continue to serve as Chairperson and Chief Financial Officer

9. Approval to advance any loan/give guarantee/provide security under Section 185 of Companies Act, 2013

Additional Information

The Chairman apprised members regarding company performance and overall development in FY 2025-26. There were no qualifications in the Audit Report. Corporate members were entitled to appoint authorized representatives to attend through VC/OAVM. Members could inspect documents referred to in the AGM notice by writing to compliance@orientalrail.co.in.